Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
IBC to Hold 4th Annual Regulatory Affairs Symposium
Sep 20 2004 // The Insurance Bureau of Canada will be hosting its 4th annual Regulatory Affairs Symposium on Thursday, November 4, 2004 from 8:45 a.m. to 1:30 p.m. (luncheon included) at the Toronto Sheraton Centre Hotel. An IBC bulletin...
Fugitive Sought in Alleged Insurance Scam Arrested
Sep 16 2004 // An international manhunt for a fugitive sought in an alleged $20 million nationwide insurance fraud has ended with his arrest in Canada, according to federal and state authorities in California. A federal complaint filed...
Toronto Bank Buying Majority of Banknorth
Sep 2 2004 // Officials at Banknorth Group, Inc. (NYSE: BNK) of Portland, Maine, and TD Bank Financial Group (TDBFG) of Toronto announced that they have signed a definitive agreement for TDBFG to acquire 51 percent of the outstanding...
Best Announces Ratings on 55 Canadian P/C Insurers
Aug 9 2004 // A.M. Best Co. has “affirmed the financial strength ratings of 38 Canadian insurers, downgraded the ratings of four, upgraded the ratings of nine and assigned initial ratings to four Canadian property/casualty...
Kingsway Notes Record Income for Q2
Aug 6 2004 // Toronto-based Kingsway reported record net income for the second quarter of the year and first six months. Net income increased by 22% to $33.3 million, compared to $27.3 million reported in the second quarter of last...
A.M. Best Report: Canada’s P/C Industry Rebounded Strongly in 2003
Jul 27 2004 // As 2002 fades from memory as the worst performance year by the Canadian property/casualty insurance industry, 2003, on the other hand, will be remembered for the industry’s return to underwriting profitability and...
A.M. Best: Study Sees Improvement in Canadian Commercial Property Industry
Jul 12 2004 // Commercial property writers in Canada saw better underwriting results for the second consecutive year in 2003, as the line’s net loss ratio decreased about 12.3 points to 49.5 from 61.8 in 2002, according to a study...
Paris Airport Collapse Insurance Recoveries Unclear
Jul 5 2004 // International News •June 1, 2004 De Gaulle Airport Collapse – Vive la Stupidité. The punishment fits the crime. The collapse (punishment) is a direct result of the egomania (crime) of its Architect-Designer Paul...
Paris Airport Collapse Insurance Recoveries Unclear
Jul 5 2004 // International News •June 1, 2004 De Gaulle Airport Collapse—Vive la Stupidité. The punishment fits the crime. The collapse (punishment) is a direct result of the egomania (crime) of its Architect-Designer Paul Andreu....
People and Places
Jul 5 2004 // Jesse Beck Dallas-based commercial insurance firm, McQueary Henry Bowles Troy L.L.P. (MHBT), appointed Jesse (Jay) Beck as vice president of the employee benefits group. Beck brings 15 years of industry experience to the...
Canada’s RSGC Acquires 49% Stake in London Broker
Jun 23 2004 // The Toronto-based RS Group of Companies, Inc. (RSGC), formerly Rent Shield Corp., a provider of pass-through risk specialty insurance and reinsurance products, announced that it has completed the purchase of 49 percent of...
SIAA Canada Adds New Broker
Jun 17 2004 // The Strategic Independent Agents Alliance (Canada), announced that Rhodes & Williams Limited of Ottawa, Ontario has joined SIAA Canada and has established Brokers Helping Brokers Alliance, Limited, operating as BHB...
S&P Affirms Allianz Canada ‘BBB’ Ratings; Raises Outlook to Stable
Jun 10 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Allianz Insurance Co. of Canada and Trafalgar Insurance Co. of Canada (collectively referred to as Allianz Canada) to stable from...
Dominion of Canada Stops Writing Auto Policies in Newfoundland; Cites “Punitive Legislation”
Jun 1 2004 // Dominion of Canada General Insurance Co. announced that it intends to stop offering new, personal auto policies in Newfoundland and Labrador in the wake of proposed insurance reform introduced by the Conservative...
Best Affirms Rating for ING Canada Group
May 18 2004 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of ING Canada Group (ING Canada) (Toronto). The group, which operates under a pooling arrangement, includes Belair Insurance Company Inc., ING...
Best Affirms AXA Canada Ratings
May 13 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of AXA’s main Canadian P/C subsidiaries. AXA Canada, a holding company, “whose property/casualty insurance operations throughout...
Best Affirms Northbridge Affiliates ‘A-‘ Ratings
May 13 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A-” (Excellent) of the member companies of the Toronto-based Northbridge Financial Corporation. Best also revised the outlook for...
Best Affirms GCAN ‘A’ Rating
May 10 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) for GCAN Insurance Company (Toronto, Canada) with a stable outlook. “The rating reflects GCAN’s...
Canada’s ICLR Unveils “Disaster Resilient” Home
May 10 2004 // To mark National Emergency Preparedness Week, Canada’s Institute for Catastrophic Loss Reduction (ICLR) announced that it has completed a non-structural retrofit on a Halifax home “to illustrate the simple...
Manulife and John Hancock Complete Merger
Apr 28 2004 // Manulife Financial Corporation in Toronto and John Hancock Financial Services, Inc.,in Boston, along with its its Canadian subsidiary, The Maritime Life Assurance Company, today completed their merger after receiving all...
